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When managing a pool, some non-voyage expenses/revenues can be generated, such as office purchases and insurance. Admin Fee Distribution captures these expenses/revenues and distributes them to the pool partners along with the VIP - Pooling Distribution.

To distribute Admin Fees, do the following:

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After the accounts are set up, on the VIP - Pools form, select them in the Pool Admin Accounts column. Make sure that all the accounts that you want to capture for Admin Fee Distribution are entered.

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AdminBPAP
AdminBPAP
When running the VIP - Pooling Distribution, select the Distribute Admin check box.

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